Wednesday, 21 March 2018

Blockchain Technology Provides Data Authenticity

In this digitalised world, there is risk
and threat to the data of the businesses. The Ransomware attacks and others are
quite alarming, so the businesses can lose a lot with this. It becomes
necessary to pay heed on the security of their data which can be really
devastating for the industries. Now it is important for the business to use the
blockchain technology which has its basic usage in the Bitcoin currency. But it
has a lot more to offer than the protection to the bitcoin currency.

Blockchain
technology

The blockchain technology can be used for
the data protection. A list of records
is maintained by this technology as it is a distributed database and it secures
the data from fingerprinting and timestamping. It includes the blocks of data
structures which contains the programs with the batches of the individual
transactions. There is a network of the nodes (computers) and this technology
resides in it. When there is any new transaction then in this distributed
network of the nodes, blockchain technology is authenticated before the new
transaction is added as the next block. Before you want to add any new block
then the consensus of the nodes is required in the blockchain.

The data is secured with the blockchain
technology. There are a lot of features which are as follows:-

Copy of the chain – a trust is created amongst users with the blockchain technology
by creating the copy of the chain. So this shows that each and every
transaction is saved by the network. If anyone tries to do tampering, then it
can be easily identifiable. This helps in ensuring you that the data is secured
properly.

Proof of integrity – there is a proof of integrity provided by the blockchain
technology. For instance, it can be proved by it that the data is not tampered
anyone and it can also be identifiable. It provides proof to the users that
there has been no data movement.

Protection from deletion
– the data can be protected from the
deletion and tampering with the blockchain technology. The verification can
also be done independently. So, one of the solution is Acronis Notary which can
also be used as a proxy on any data program and thus requiring no change in the
infrastructure.

Certification – the certification can also be provided for the existence of the
data. So, the data protection and
the data authenticity are ensured with the blockchain technology. Sales facilitation,
digital rights management, trading of the real objects is also supported by it.

As we know today, the hackers and the
malicious software are everywhere which is a threat to your data. The
businesses can protect themselves from the risks of the tampering of the data
and can provide data authenticity with the blockchain technology. It can be
easily trusted as the copy is created by the blockchain and all the transactions
are held by the network. The security of the data can be ensured by the
blockchain technology.